The SEC established Regulation Best Interest (Reg BI) to set a “best interest” standard for broker-dealers and associated persons. It also introduced Form CRS, requiring broker-dealers and investment advisers to provide a brief relationship summary to retail investors. This course covers the four primary obligations of broker-dealers and associated persons when recommending securities transactions or investment strategies to retail customers.

• Describe the nature and scope of Regulation Best Interest
• Describe the requirements of the Disclosure Obligation prior to recommendations
• Describe the diligence required to meet the requirements of the Care Obligation
• Identify the firm policies and procedures required to meet the Conflict of Interest Obligation
• Identify the firm policies and procedures required to meet the Compliance Obligation
• Describe the record-making and recordkeeping requirements of Regulation Best Interest